Athletes at this year’s Rio 2016 Olympic and Paralympic Games will be given an NFC payments ring linked to a Visa account that will let them make purchases by tapping their hand against contactless terminals. More

Visa has shown off a proof of concept NFC wristband in San Francisco, demonstrating how it could be used for making payments at the Rio 2016 Olympics next year. “Olympic hopefuls attending the Team Visa Summit learned to use new payment technologies that are expected to be implemented at the Rio 2016 Olympic Games including Visa Checkout and Samsung Pay,” Visa says. “We can’t yet confirm what kind of wearable payment devices we may have in Rio,” the company told NFC World.

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